The growth in renewable generation and low natural gas prices coupled with capacity market design problems has resulted in seemingly permanent low wholesale market prices. These market design and structural issues caused two well-run nuclear generation facilities, Kewaunee and Vermont Yankee, to shut down during the past 20 months; several more facilities in the Northeast and Midwest also are at risk.
The good news is FERC, some RTOs, certain states and industry organizations are increasing their focus on the problems over the last 12 months and meaningful solutions may be on the way. But, nothing has happened yet to make the significant market changes nuclear generators need.
So, what should nuclear operators do while they wait for market changes?Download the plant shutdown prevention hot topic